SoFi Technologies Inc.'s (NASDAQ: SOFI) shares jumped almost 10% on Wednesday after CEO Anthony Noto registered an insider purchase of $5 million in 1.1 million company shares.
Data from https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment
Tesla (TSLA)
Apple (AAPL)
Moderna (MRNA)
Nvidia (NVDA)
Amazon (AMZN)
Coinbase Global (COIN)
Meta Platforms
SoFi Technologies Inc (NASDAQ: SOFI) shares are trading higher by 7.45% to $4.76 Wednesday afternoon after the company's CEO reported the purchase of 1,134,065 shares at an average price of $4.42 per share in a Form 4 filing.
The Dow Jones closed higher by over 100 points on Tuesday. Investors, meanwhile, focused on some notable insider trades.
When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.